FXL Fees and Costs — First Trust Technology AlphaDEX Fund
Data updated: 2026-10-13
The net expense ratio is 0.60%: a 0.50% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $834K in broker commissions, 0.0515% of average net assets, and portfolio turnover was 101%.
FXL Fees and Expenses
Annual operating expenses and sales charges of FXL. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
FXL Costs Over Time
On $10,000 invested in FXL, assuming 5% a year before costs, total costs come to $410 over 5 years, cutting the return by 0.68% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.60%) | $63 | $197 | $343 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $68 | $225 | $410 |
| Value after costs | $10,432 | $11,351 | $12,352 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
FXL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0515%
- Total broker commissions: $834K
- Bought from dealers (principal trades, not a cost): $3.3B
- Portfolio turnover (prospectus): 101%
FXL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $469K | 56.21% |
| RBC CAPITAL MARKETS, LLC | $162K | 19.37% |
| J.P. MORGAN SECURITIES LLC | $116K | 13.87% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $86K | 10.34% |
| BTIG, LLC | $948 | 0.11% |
| CANTOR FITZGERALD & CO. | $771 | 0.09% |
FXL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $1.9B | 57.06% |
| J.P. MORGAN SECURITIES LLC | $461.5M | 13.90% |
| JANE STREET EXECUTION SERVICES, LLC | $360.9M | 10.87% |
| BNP PARIBAS SECURITIES CORP. | $148.0M | 4.46% |
| GOLDMAN SACHS & CO. LLC | $122.0M | 3.67% |
| CITADEL SECURITIES LLC | $93.3M | 2.81% |
| VIRTU AMERICAS LLC | $92.1M | 2.77% |
| CITIGROUP GLOBAL MARKETS INC. | $74.3M | 2.24% |
| HRT FINANCIAL LP | $53.1M | 1.60% |
| RBC CAPITAL MARKETS, LLC | $21.0M | 0.63% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.